Investors Sell American International Group (AIG) on Strength (AIG)

Traders sold shares of American International Group Inc (NYSE:AIG) on strength during trading on Wednesday. $120.83 million flowed into the stock on the tick-up and $379.01 million flowed out of the stock on the tick-down, for a money net flow of $258.18 million out of the stock. Of all stocks tracked, American International Group had the highest net out-flow for the day. American International Group traded up $0.37 for the day and closed at $61.00

Several brokerages have recently commented on AIG. Wells Fargo & Co reiterated a “buy” rating and set a $75.00 target price on shares of American International Group in a research note on Sunday, October 1st. UBS Group reduced their target price on American International Group from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. ValuEngine downgraded American International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $76.00 target price on shares of American International Group in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. American International Group currently has a consensus rating of “Hold” and an average target price of $67.81.

The stock has a market cap of $54,840.00, a P/E ratio of -24.50, a PEG ratio of 1.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter last year, the firm earned $1.23 earnings per share. equities analysts predict that American International Group Inc will post 2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -51.41%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in American International Group by 1.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,004 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 68 shares during the period. Roundview Capital LLC raised its holdings in American International Group by 0.7% in the 2nd quarter. Roundview Capital LLC now owns 10,353 shares of the insurance provider’s stock valued at $647,000 after acquiring an additional 75 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in American International Group by 4.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,541 shares of the insurance provider’s stock valued at $472,000 after acquiring an additional 319 shares in the last quarter. Moors & Cabot Inc. raised its holdings in American International Group by 6.6% in the 2nd quarter. Moors & Cabot Inc. now owns 8,062 shares of the insurance provider’s stock valued at $503,000 after acquiring an additional 502 shares in the last quarter. Finally, Caxton Associates LP raised its holdings in American International Group by 10.8% in the 2nd quarter. Caxton Associates LP now owns 8,200 shares of the insurance provider’s stock valued at $513,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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